Kshitij Polyline Revises Rights Issue: Size Reduced to ₹1,955.83 Lakhs
Kshitij Polyline Limited revised its Rights Issue, reducing the total size to ₹1,955.83 Lakhs from ₹2,933.74 Lakhs. The issue now comprises 61,697,950 shares at ₹3.17 each. Funds will be used for debt repayment (₹1,505.83 Lakhs) and general corporate purposes (₹400.00 Lakhs). The last date for credit of rights entitlements is August 24, 2026.
The rights issue is a significant corporate action that impacts the company's capital structure and funding. The revision in size and allocation details are material information for investors.
The announcement is a corrigendum to a previous offer, detailing revisions to the size and allocation of a rights issue. While it corrects previous disclosures, it does not introduce new positive or negative business developments.
Kshitij Polyline Limited has issued a corrigendum to its Letter of Offer dated August 18, 2026, regarding its proposed Rights Issue. The Board of Directors approved these revisions in a meeting held on August 20, 2026.
The primary changes involve a reduction in the total issue size and the number of Rights Equity Shares offered. The Rights Issue will now comprise 61,697,950 Rights Equity Shares at an Issue Price of ₹3.17 per share, aggregating up to ₹1,955.83 Lakhs (approximately ₹19.56 Crores). This is a revision from the previously stated 92,546,925 shares and ₹2,933.74 Lakhs (approximately ₹29.34 Crores).
The allocation for the Objects of the Issue has also been revised. Specifically, ₹1,505.83 Lakhs will be used for repayment and/or prepayment of certain outstanding borrowings, and ₹400.00 Lakhs for general corporate purposes. The estimated issue expenses are ₹50.00 Lakhs.
The Record Date for determining eligible shareholders remains Wednesday, August 19, 2026. However, the 'Last Date for Credit of Rights Entitlements' has been revised to Monday, August 24, 2026, from the earlier date of Thursday, August 20, 2026. The ex-rights price of the Equity Shares is ₹4.45 per Equity Share.
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Kshitij Polyline Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kshitij Polyline Limited. Read the original for the full detail.